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i think adam is right. >> how would you play? >> young people are drinking coffee in droves. it might be better . i like joes . etf x. coffee is big thing this year. >> it didn't .
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you get the caffeine anyway. >> i want to thank all of you and don't forget our coverage, monday both network we mean business all of the time. david asbin with forbes on fox. appreciate it it is back. are you ready to pay for more for government run health care. democratic leaders raising the stakes and pushing for a public option. this is the congressman. >> the public option would decrease the deficit 104 billion over 10 years . >> and not everyone agrees that government health insurance would save money. republican critics say it is too costly and could bankrupt the country so who is right. >> i am dave asbin. welcome to forbes on fox. it is elizabeth mcdonald and
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rick unger and morgan bren an . we just can't afford a full-blown national health care system. >> no, we can't. every country that tried the health care system experienced higher cost or less health care. with obama care, it is a back door in a single payer system. of course, it costs more. >> mark tage. this is what he has plan obama care is not a single payer plan which is national health care. is that what it is turning into? >> i think it is going to have to be a single payer plan. will this reduce the deficit, no. is your goal here to provide health care to people? >> the private sector has not done a good job of >> it is going two or three times the
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rate of inflation . >> but you are saying that a government take over of health care would be cheaper and more efficient than the private sector. >> i think more people would be covered and cost would be lowered. >> emac, is there any way to prove that contention in >> no, i hear what mark is saying. this congress person said we shouldunize doctors . we have a veterans administration that doing better. for the one size fits all approach, we don't have the same demographics as britain or canada can those health care rises . this bill which i read, saying they would pay out increasing taxpayer funds to incoverage. the cost of the bill would go up dramatically. >> isn't this the president's intention to go to a single
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payer health care system. >> no, i wish it were but i don't believe it. >> hold ohe did say that. i believe we have a tape of him saying that back in 2003, let's roll the tape. >> i am a promoter of single payer health care. >> [applause] >> there he said it. >> i am in fair of a single health care. >> it was 2003 when he was in favor of it. i think secretly the president is in favor television but sadly no where near what we got. >> that is what we are moving forward. >> what the congresswoman proposed is not full blown health care. >> it is number two. it is never going to happen. we should all recognize because she is the only one proposing it through congress
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. if it happens, it would save 100 billion over 10 years because it would reduce the amount of subidies . so if you are trully a deficit buster, you will be for it. not going to happen. >> i will argue the mathematics. morgan we knew we would inch our way into it. isn't that happening? that obama care we saw passed a couple of years ago is the beginning of full-blown government take over. >> it is unlikely that the public option will happen. i will jump on the idea of funky mathematics for a second. this 100 billion plus number that is thrown around is from a cvo report . then in 2010, the number was 68 billion dollars .
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yeah, two different programs and that is a big issue with the public option. there is so many ifs and whether it would make money or lose money and whether subsidies would be involved. >> mike, when government takes something over, doesn't it get more expensive and burrcratic than it was in the private sector? >> this is what happened with other countries that tried universal health care. canada, you can wait for a year for knee surgery . go to amtrak run by the government they are bankrupt without a big subsidy . you look at obama care. costs has risen dramatically and in the past year it is implemented. and wind power. for example, we got into wind power and it costs more to get energy from wind power than it did and going back to medicare .
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look at medicare. hold on, biggest government invasion in the health care program that we have had in our lifetime. they lose 60 billion a year on waste and fraud . you call that efficient in --? >> it depends on your philosophy. mark, just answer the question. >> what? >> is $60 billion of loss waste and efficient. >> if your figures are correct, no. >> by the way, the figure comes from hard right conservatives at 60 minutes. that's where it came from. >> look, it depends on your philosophy. no government is not as efficient as the private sector. the private sector is only rations care and only available for people who are insured. there are 40 million americans without insurance. do we want an elite group
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covered by insurance and they are subsidizing the poor and underinsured or people going without insurance. >> who does more efficient? >> hold on a second, guy,give the lady a chance. you agree for that. emac, let me ask you. efficienciy, when you look at medicare and 60 billion they waste every year and think of expanding that by i don't know. multitele- multiple of 10 is that efficiency? >> no, it is not efficiency. the figure is higher because you have to pay for the costs of the burrcrats to chase down that 60 billion figure . the system is broken, i agree with mark but the obama care is halfway house to single payer . man date taxes are too low. hold on a second, mark. more people are going to be
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dumped in a government. by the way, hang on. nixon. hang on . no, we are not. it would cost trillion. let me finish, mark i beg your pardon. >> it was enacted in britain and can dampt they have fewer mri machines and the wait list are long. >> morgan, when we look for a solution that really works, what we think of is putting the individual back in charge . when an individual is in charge of the cost and care that he or she is receiving, aren't they more responsible? whatever plan we work for isn't that the goal to put them in charge? >> it is it a great concept and going back to the idea of medicare. we will have to take a red pin to entitlements in general. >> last word for morgan. thank you.
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>> an amazing person . yeah, he's incredible and amazing. >> it is always -- it is always exciting. so it is exciting. >> neal cavuto is going to washington. he's the president guest of the honor in the inauguration . he is hosting special live coverage 11:00 a.m. on the fox business network and 4:00 p.m. on fox business . you don't want to miss it. >> coming up next after the president said we don't center a spending problem, out comes a new report. four billion and went to foreign firms. what happened to keeping the money in the usa? searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550
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woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >> live from america's news headquarters. update and new developments on
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the americans that are held hostage in a gas in the sahara desert. it appears that the situation has come to an end after the algerian forces launched a final assault and killing almost a dozen militants. the details are very murky. according to some reports, last of the americans held captive are free. 19 hostages are dead including an american from texas. and the new york newspaper that outraged gun owners by posting the names and addresses owners of permits. they tooks it down . i am jamie colby see you and we'll see you on the fox news channel. >> here we go again. a new report showing more details of how washington is spending our tax dollars.
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this time four billion in stimulus cash going to green projects for companies based in germany and italy and japan. isn't it money supposed to help american companies . you say it is a total misuse. we have natural gas and solar and win and they may be doing it cheaper and places like chin a. i don't care if it is less than four billion. i don't like the phony next. the government is lousy. >> it is a disturbing report . point of fact and all of these companis and well is one
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exception i will give you. all of them are united states subsidaries of foreign companies. let me give you an example. we are sitting here and until nine years ago. the company that we worked at. folks news was a subsidiary of a foreign company. >> this corporation is a u.s. company. >> it was not when you came to work here. >> they don't get money from the federal government. that's the point. if you are getting subsidies from the u.s. government shouldn't you be a u.s. based company? >> what this example shows to me is the foley of president obama's argument that stimulus would create a job in the united states. capitol is fundable . this shows what e-mail said the government shouldn't be in the business of picking winners and users.
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>> this is something that the obama administration doesn't care about. he wants his own agen a. >> i don't know why we have to go to mark because he agrees. go ahead, mark. >> look. this is a proventional and back ward argument. >> call me provensial. >> and top hundred companies receive 50 percent of the revenue from outside of the united states and they are more engaged in poor markets than they are here. are they u.s. companies? they don't pay u.s. taxes or are they foreign companies . we are subsidizing companies to do something. we subsidize them all of the time and this is a very small amount of money it is it a drop in the bucket. you can get ensigned in four billion >> that eventually adds up. my tax dollars go in a foreign
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based company. there is something wrong with that, isn't this? >> i don't think so. we are talking about american subsidaries . american companies and spanish and italian and global corporations that's what we are do dealing with. as long as tax dollars are going to those companies that are creating jobs for americans which to be fair . many of these jobs went to american workers. as long as that is the case i am okay with it. >> the texas wind farm jobs to china, >> don't you have an issue because they went to jobbed that are waste went to solidia. you have a no relationship with reality. i like the creditors and these
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pie in the sky are entreneural x. this is what we are seeing here. a lot of cronyism . man dated renewable energy and gouging of tax dollars in california . and they are renewal. he never had a job and he's saying i know better than companies and investors in a free market. >> you have a job in the private sector . the point is back with the spanish was a socialist government and they werunding. a socialist spanish said they don't work.
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they come to us . and if you want that all of the time . you want to talk. absolutely fair and discussed and don't characterize giving it to foreign companies . it is unreasonable. >> and it is not misrepresented. thank you, and lance armstrong. he is about to lose money. they will tell you why. pushing a new tax on violent video games. is this a good move or anything government power grab? we debate. you decide coming right up. [ male announcer ] this is joe woods' first day of work.
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>> not childs play . it is response and saying there is a link. rick, you don't think it is a good idea. >> i am coming out against attackings. never thought you would see that. you can't allow one member of congress to decide this is bad and this is this and this is that.
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and they are tax appropriate. if you want less of a violent video games raise the tax. >> i am just making a praud point. yes, it maybe the cigarette and alcohol type of tax could curtail it . i don't like them at all. why would the advertising industry earn $250 annually. it is because they make that mon yethey can influence behavior. that is my point. using taxes for social purposes makes me uneasy. >> there must be something on
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the air today. i am actually on rick's side on this. >> this is what bothers me about the taxings. it is passing along the responsibility of raising a child and handing it over to the government and emac is right. you want less of something raise the tax, but i think the parents should be responsible here. >> morgan, i understand someone watches too many. >> my husband loves halo. i am game for this tax and the reason is, that we don't know if there is a link between video games and violence and there do need to be more studies and that is going to cost money . if it is a one percent tax on video game, we are talking about pennies. i am for it >> mark tax or not. >> tax. it is clear that the video games increase behavior. tax it and use the money for
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education and clean up from the violence-related massacre. >> last word from mark. >> coming up. you don't have nonbuyer remorce. reformers have stocks you need right now. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company."
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